Current Interest. On and after the Current Interest Payment Date, accrued and unpaid interest on the Principal shall be due and payable quarterly in arrears on each Quarterly Payment Date (including the Current Interest Payment Date); provided, if, on any Quarterly Payment Date occurring before June 30, 2005 but following the Current Interest Payment Date, the Interest Payment Test is not met and current interest cannot be paid on the Loans on such date, the Deferred Interest Period shall be reinstated until the next Quarterly Payment Date upon which the Interest Payment Test is met and interest can be paid on a current basis on the Loans (the “Deferred Interest Reinstatement Period”). Notwithstanding anything else herein to the contrary, accrued and unpaid interest on the Principal shall be due and payable quarterly in arrears on each Quarterly Payment Date beginning with June 30, 2005. In addition, all accrued and unpaid interest shall be due and payable upon the payment in full of the Principal.”
Current Interest. For a Distribution Date, the sum of the Class A Subclass Interest Amounts and Class M Subclass Interest Amounts. Current Pool Balance. For any date, the Pool Balance. Custodian. Citibank, N.A. is designated by the Trustee as the Custodian.
Current Interest. The Company may in its discretion pay Current Interest on the General Account at a rate that exceeds the Minimum Guaranteed Rate shown on page 3. The Company will declare the rate of Current Interest, if any, from time to time.
Current Interest. Except as otherwise expressly provided herein or as specifically provided in the Note Purchase Agreement, the Principal Balance of this Note A shall bear interest (computed on the basis of actual days elapsed in a 360-day year) at the rate of (i) eleven and fifty-eight hundredths percent (11.58%) per annum from the date hereof through and including September 30, 2010 and (ii) fifteen and fifty-eight hundredths percent (15.58%) per annum from October 1, 2010 and at all times thereafter (“Current Interest”). In addition, default interest shall accrue on the unpaid Principal Balance of this Note A at the rate of two percent (2%) per annum after the occurrence and during the continuance of an Event of Default. Current Interest accruing on the Principal Balance of this Note A shall be payable quarterly in arrears beginning on March 31, 2009 in accordance with the payment schedule on Exhibit A attached hereto and made a part hereof (assuming for purposes of Exhibit A that no portion of the Principal Balance of this Note A is prepaid and that this Note A is not accelerated prior to the Maturity Date). In addition, all accrued and unpaid Current Interest on this Note A (together with any accrued and unpaid default interest) shall be paid upon the payment in full of the entire outstanding Principal Balance of this Note A (whether on the Maturity Date or as a result of the acceleration of the maturity thereof), or if a prepayment of this Note A is made, on the Principal Balance prepaid, and, if payment in full is not paid when due, thereafter on demand. Unless prohibited under applicable law, any accrued interest (whether Current Interest or default interest) which is not paid on the date on which it is due and payable shall be capitalized and shall bear interest at the same rate at which interest is then accruing on the Principal Balance of this Note A until such interest is paid. Any accrued interest (whether Current Interest or default interest) which for any reason has not theretofore been paid shall be paid in full on the date on which the final principal payment on this Note A is made (whether on the Maturity Date or as a result of the acceleration of the maturity thereof). Interest shall accrue on any payment due under this Note A at the rates set forth herein until such time as payment therefor is actually delivered to the Holder.
Current Interest. The debtor expressly agrees and accepts that the debt will accrue annual current interest, periodically adjustable, calculated on the outstanding principal, payable monthly in advance, from the date of the subscription of this document, according to the following scheme:
Current Interest. All Loans and the outstanding amount of all other Obligations shall bear interest, in the case of Loans, on the unpaid principal amount thereof from the date such Loans are made until paid in full, except as otherwise provided in SECTION 2.14(D), at a rate per annum equal to the sum of (x) the Eurodollar Rate determined for the applicable Interest Period PLUS (y) the Margin and, in the case of such other Obligations, from the date such other Obligations are due and payable until paid in full, at the Alternate Rate; PROVIDED, HOWEVER, if, for any reason, a Eurodollar Rate cannot be provided by the Lenders pursuant to SECTION 2.14(B) or 2.14(D) all Loans and the outstanding amounts of all other Obligations shall bear interest as provided above, at the Alternate Rate.
Current Interest. The principal of the Notes (and accrued but unpaid, past due interest outstanding from time to time hereafter) shall bear interest currently ("Current Interest") from the date of issuance at an annual rate of twelve and one half percent (12.5%). Current Interest on the Notes is payable quarterly in arrears on the last day of each calendar quarter, commencing September 30, 2004 and continuing until the Notes are repaid in full.
Current Interest. In addition to the Deferred Interest Portion, accrued and unpaid interest on the Principal amount of the Original Loan
Current Interest. Accrued and unpaid interest on the Principal amount of the First Amendment Loans and the Second Amendment Loans
Current Interest. For a Distribution Date, the sum of the Class A Subclass Interest Amounts and Class M Subclass Interest Amounts. Current Pool Balance. For any date, the Pool Balance. Cut-Off Date. The Cut-Off Date is the beginning of business on June 1, 2007. Daily Servicing Fee Accrual Amount. For each Mortgage Loan during each day during each Collection Period, an amount equal to (a) the product of (i) the Servicing Fee Rate and (ii) the Loan Balance of such Mortgage Loan as of such day, divided by (b) 360.
